1156 Nickols Ave
About This Property
Charming mid-century bungalow on an oversized lot in the heart of East Austin-one of the fastest-growing neighborhoods in the city. The eclectic east side is where old meets new, with fresh eateries, boutiques, breweries, and cultural hotspots popping up, all just minutes to downtown.This renovated home perfectly blends historic character with modern updates. Situated on a peaceful corner lot, the home offers an ideal location near bike trails, community pools, neighborhood parks, and beloved local favorites likePalomino Coffee, Sahara Lounge, Red Bluff Nature Preserve, Springdale General, and the Austin Bouldering Project.Inside, an open floor plan flows seamlessly from the living and dining areas into a spacious kitchen featuring granite-topped counters, stainless-steel appliances, a stylish chimney hood, and abundant cabinetry. A built-in task nook is thoughtfully placed for gazing out the window. Updates include brand-new windows throughout, allowing natural light to pour in, as well as updated under-house plumbing (2024). The primary suite is bright and airy, with an ensuite bath and a spacious walk-in closet. The secondary bedrooms are generously sized with convenient access to a full bath.Step outside to an incredible backyard oasis. The large, fenced yard boasts mature pecan and fruit trees, providing dappled shade and the perfect setting for relaxing afternoons, weekend BBQs, or spontaneous marshmallow roasts around the fire pit. This is East Austin living at its best-classic charm, modern comforts, and unbeatable location. For more into, go to: https://bit.ly/3HLpIY7
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 16, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Sep 3, 2025 | Listed by Compass RE Texas, LLC | $399,000 | |
| Listed by Compass RE Texas, LLC | |||
| Jul 30, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jul 9, 2025 | Price Decreased |
$410,000
↓ $9K
(2.2%) | |
| Price Decreased | |||
| Jun 17, 2025 | Relisted | $419,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017